Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Recommendation of “Reduce” from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average recommendation of “Reduce” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $16.30.

A number of research firms have weighed in on BLMN. UBS Group decreased their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Barclays reiterated an “equal weight” rating and set a $13.00 price target (down previously from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Finally, Piper Sandler decreased their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC increased its stake in shares of Bloomin’ Brands by 6.6% in the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 780 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Bloomin’ Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after buying an additional 1,392 shares in the last quarter. KBC Group NV increased its stake in shares of Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 1,489 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands in the third quarter valued at $26,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Bloomin’ Brands in the fourth quarter valued at $27,000.

Bloomin’ Brands Stock Up 2.1 %

Shares of BLMN stock opened at $11.90 on Friday. Bloomin’ Brands has a one year low of $10.85 and a one year high of $30.13. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a fifty day moving average price of $12.00 and a 200 day moving average price of $14.36. The stock has a market cap of $1.01 billion, a P/E ratio of -108.17 and a beta of 1.97.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.